The Department of the Treasurys Financial Crimes Enforcement Network (FinCEN)
announced today that Trump Taj Mahal Associates (TTMA) has paid a civil money penalty of
$477,000 for failing to file reports required by the Bank Secrecy Act (BSA). TTMA is
located in Atlantic City, New Jersey, where it operates the Trump Taj Mahal Casino Resort.

The $477,000 settlement amount is for BSA violations which occurred at the casino from
April 1990 through December 1991. The violations are based on failures to file Currency
Transaction Report by Casino forms (CTRCs) within the time period prescribed by the BSA.
TTMA was cited for these BSA violations as the result of an Internal Revenue Service (IRS)
compliance examination.

Settlement of the final penalty amount was influenced by TTMAs otherwise laudable
BSA compliance programs and its cooperation with Treasury Department Officials during the
casinos IRS examination and final settlement of the matter with FinCEN.

During the 12 years that casinos have been required to comply with Treasurys
anti-money laundering requirements, the industry has experienced dramatic growth and
expansion. Today, close to $500 billion a year is wagered at casinos in the United States.

In announcing the penalty, FinCENs Director Stanley E. Morris, indicated that BSA
compliance by casinos is essential to Treasurys efforts against money laundering and
other types of financial crime. "It is Treasurys intention to ensure that
casinos -- including the ones located in the newer gaming jurisdictions -- are complying
with Treasurys preventive programs," Morris said. "Casinos are
cash-intensive businesses, and many offer a wide variety of financial services, similar to banks.
Without effective safeguards, they may be vulnerable to money laundering."

Director Morris also commended the IRSs Examination unit in Mays Landing, NJ for
its BSA examination of TTMA and its attention to BSA compliance by the casinos located in
Atlantic City, NJ.

The BSA requires casinos and other financial institutions to file reports of cash
transactions in excess of $10,000 and to institute preventive compliance programs to
safeguard against abuse of its financial services by casino customers. The reporting and
recordkeeping information required by the BSA are extremely useful to the
governments efforts in criminal, tax and regulatory investigations and proceedings.

Todays penalty is the twelfth levied by Treasury against casinos in Atlantic
City, New Jersey (NJ). With this penalty, Treasury has collected almost $2.2 million in
civil penalties against the 12 casinos in Atlantic City over the past five years.